Tesla ask shareholders to approve $56bn pay deal for Elon Musk rejected by judge

Tesla on Wednesday asked its shareholders to once again approve CEO Elon Musk‘s record-breaking $56bn pay that was set in 2018, but was rejected by a Delaware judge in January.The compensation includes no salary or cash bonus, but sets rewards based on Tesla’s market value rising to as much as $650bn over the next 10 years. Tesla is now valued at over $500bn, according to LSEG data.Musk’s pay was rejected by Kathaleen McCormick of Delaware’s court of chancery, who termed the compensation granted by the boar ...